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Compensation and Benefits

Program Objectives:

By the end of the program, participants will be able to:

  • Understand the basic principles and major elements of compensation.
  • Know the various processes in compensation: Job Analysis, Job Descriptions, Job Evaluation and Compensation Surveys.
  • Determine and explain what makes up a sound and effective compensation and benefits program.
  • Design a salary structure and related policies.
  • Understand the basic compensation survey process.
  • This Program is designed for:

    Professionals working in the function who wish to acquire relevant knowledge and skills, and for those working in other areas of Human Resources who wish to broaden their understanding of this important
    function.

    Program Outline:

    Managing Compensation - An Overview Allowances
  • Compensation Objectives, Components and
    Factors Affecting Compensation
  • An Effective Compensation Management System
  • Purpose
  • Nature of Work Allowances
  • Non Nature of Work Allowances
  • Regional Practices
  • Job Analysis and Job Descriptions Benefits
  • The Need for Job Descriptions
  • Principle Approaches to Job Analysis
  • Carrying Out the Job Analysis Process
  • Job Description Writing - Practical
  • Definition and Purpose of Benefits
  • Categories of Benefit
  • Regional Practice
  • Managing an Effective Benefits Program
  • Main Features of a Long Term Benefit Plan
  • Job Evaluation Introduction to Compensation
    Surveys
  • Job Evaluation Defined
  • Job Evaluation Methods
  • The Hay System: An Overview
  • Job Evaluation Guidelines
  • Why We Do Them?
  • Designing and Carrying Out a Compensation
    Survey
  • Compensation Survey Reports - Content
  • Compensation Systems Frequently Asked Questions
  • Objectives of Compensation
  • Main Compensation Policies
  • Regional Compensation Practice
  • Factors Affecting Pay Levels
  • The Economic Factor in Compensation
  • Compensation Audit and Control
  • Answers to Questions on Compensation and
    Benefits You Never Knew You Had
  • Breaking News
  • Up to the Minute News on Trends in
    Compensation and Benefits as They Happen
  • Pre-requisites

    None:
    Duration : 4 days

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